Vietnam's Vung Ang II: $2.2B Power Plant Inaugurated
Vung Ang II thermal power plant inaugurated in Ha Tinh. $2.2B Japan-backed project for energy security.
Project Overview
The Vung Ang II Thermal Power Plant was officially inaugurated on April 18, 2026 at the Vung Ang Economic Zone in Ha Tinh province. The $2.2 billion Build-Operate-Transfer (BOT) project is owned 60% by Mitsubishi Corporation (Japan) and 40% by Korea Electric Power Corporation (KEPCO, South Korea).
The plant has a total capacity of 1,200 MW with two turbine units, supplying power to central Vietnam. It is currently operating at approximately 90% capacity.
Photo: VietnamNet
Key Figures
Ownership Structure
Mitsubishi Corporation
Japanese conglomerate with extensive energy sector experience in Southeast Asia. Provides advanced boiler technology.
KEPCO
Korea Electric Power Corporation, South Korea's leading power utility. Provides advanced emission control systems.
Operational Timeline
Commercial Operation 2025
Unit 1 entered commercial operation in 2025. It was damaged by a storm but has since been repaired and operates stably.
Commercial Operation Apr 7, 2026
Unit 2 began commercial operation on April 7, 2026, completing the plant's full 1,200 MW capacity.
Technology and Environment
The plant uses advanced Japanese and Korean boiler technology and emission control systems. Deputy Minister Nguyen Hoang Long emphasized: 'Safe and stable operations, maximize efficiency for national energy security.'
Photo: VietnamNet
Notably, carbon capture studies are underway at the plant, demonstrating a commitment toward future emission reductions, aligned with Vietnam's Net Zero 2050 target.
Energy Security Context
The inauguration of Vung Ang II is especially significant as the Iran war disrupts global energy supplies. The additional 1,200 MW helps reduce pressure on the central grid and enhances Vietnam's energy self-sufficiency.
The BOT project also demonstrates sustainable investment cooperation between Vietnam, Japan, and South Korea in the energy sector, a model that could be replicated for future projects.
Frequently Asked Questions
Detailed information about the Vung Ang II Power Plant.